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What is entry for vehicle loan taken from a bank?

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∙ 2011-03-02 06:31:42
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vehicle a/c debit

bank loan a/c credit

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Wiki User

∙ 2011-03-02 06:31:42
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Related questions

What will be journal entry if a bank gives loan?

bank a/c dr to bank loan a/c

What is the journal entry when you take out a bank loan?

Debit cash / bankCredit loan from bank

What will be the journal entry for if bank grand loan to us?

debit cash / bankcredit loan from bank

What is the entry for bank loan account?

Debit Bank Account - Assets Credit Bank Loan Account - Liability

What is the journal entry for proceeds of loan from the bank 200000?

debit cash / bank 200000credit bank loan 200000

What will be the journal entry if a bank loan is return?

[Debit] Bank Loan account xxxx [credit] Cash / bank xxxx

How do you pass journal entry if company take the loan from bank?

debit cash / bankcredit loan from bank

How to pass journal entry if company take t he loan from bank?

debit cash . bankcredit loan from bank

What is journal entry when making a payment on a loan?

Bank a/c Dr To Loan Payment a/c

What is journal entry of bank overdraft?

Debit cash / bankCredit loan from bank / bank overdraft

How do you apply for a subsidised vehicle?

by bank loan

Has my vehicle loan been approved?

Call the bank that issued the loan.

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